Dunham Appreciation Correlations

Mutual Funds . USA . 
Fund . Dunham Appreciation Income
DAAIX Fund  USD 8.72  0.03  0.34%   
The current 90-days correlation between Dunham Appreciation and Invesco Vertible Securities is 0.1 (i.e., Average diversification). The correlation of Dunham Appreciation is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Dunham Appreciation Correlation With Market

Poor diversification

The correlation between Dunham Appreciation Income and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunham Appreciation Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dunham Appreciation Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Dunham Mutual Fund

  0.88DNAVX Dunham Dynamic MacroPairCorr
  0.93DNAIX Dunham AppreciationPairCorr
  0.65DNCGX Dunham PorategovernmentPairCorr
  0.93DNEMX Dunham Emerging MarketsPairCorr
  0.86DNFRX Dunham Floating RatePairCorr
  0.85DNIOX Dunham InternationalPairCorr
  0.85DNHYX Dunham High YieldPairCorr
  0.87DNLVX Dunham Large CapPairCorr
  0.65DNMDX Dunham Monthly DistrPairCorr
  0.87DNSVX Dunham Small CapPairCorr
  0.88DNSPX Dunham Enhanced MarketPairCorr
  0.88DAAVX Dunham Dynamic MacroPairCorr
  0.65DACGX Dunham PorategovernmentPairCorr
  0.88DADGX Dunham Small CapPairCorr
  0.86DAFRX Dunham Floating RatePairCorr
  0.81DAFGX Dunham Focused LargePairCorr
  0.85DAHYX Dunham High YieldPairCorr
  0.87DAIOX Dunham InternationalPairCorr
  0.87DALVX Dunham Large CapPairCorr
  0.65DAMDX Dunham Monthly DistrPairCorr
  0.88DCAVX Dunham Dynamic MacroPairCorr
  0.92DCAIX Dunham AppreciationPairCorr
  0.89DCDGX Dunham Small CapPairCorr
  0.93DCEMX Dunham Emerging MarketsPairCorr
  0.81DCFRX Dunham Floating RatePairCorr
  0.81DCIOX Dunham InternationalPairCorr
  0.85DCHYX Dunham High YieldPairCorr
  0.81DCLVX Dunham Large CapPairCorr
  0.61DCMDX Dunham Monthly DistrPairCorr
  0.88DCSVX Dunham Small CapPairCorr
  0.88BSICX Blackrock Strategic OppsPairCorr
  0.87BASIX Blackrock Strategic OppsPairCorr
  0.85BSIIX Blackrock StrategicPairCorr
  0.86BSIKX Blackrock StrategicPairCorr
  0.72JSORX Jpmorgan Strategic IncomePairCorr

Moving against Dunham Mutual Fund

  0.53TCSUX Cleartrack 2020 ClassPairCorr
  0.49TCTGX Transamerica CleartrackPairCorr
  0.48TDKTX Cleartrack 2015 ClassPairCorr
  0.48TCTJX Transamerica CleartrackPairCorr
  0.41USPSX Profunds Ultrashort Potential GrowthPairCorr
  0.4USPIX Profunds UltrashortPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Dunham Mutual Fund performing well and Dunham Appreciation Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Dunham Appreciation's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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